Carraro India downgraded to hold amid valuation concerns
pre-market1 source ↓written by the desknot a recommendation
- 20.72%
- 17.09%
- stands
- 0.79 times
- ₹317.0 cr
- YoY
- 41.7%
Carraro India Ltd has been downgraded to hold due to valuation concerns, despite showing strong financials. The company reported a Return on Capital Employed (ROCE) of 20.72% and a Return on Equity (ROE) of 17.09%. Its debt to EBITDA ratio stands at 0.79 times, indicating robust financial discipline and a Profit After Tax (PAT) of ₹317.0 cr, up 41.7% YoY.
Not investment advice. For informational purposes only.